CME’s Duffy warns against government intervention in oil markets
Exchange head doesn’t rule out possibility of oil hitting $150 a barrel
A reported plan for the US Treasury Department to combat rising energy prices by intervening in the oil futures market “might be a biblical disaster”, according to the head of the world’s largest futures exchange.
“Would they be buying calls on oil, because they’re concerned that this is not a short-term deal and the price can go up exponentially, and they want to make sure that the American people
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